Short Interest in Interlink Electronics, Inc. (NASDAQ:LINK) Drops By 15.7%

Interlink Electronics, Inc. (NASDAQ:LINK) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 33,200 shares, a decline of 15.7% from the November 30th total of 39,400 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 73,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Interlink Electronics

A hedge fund recently raised its stake in Interlink Electronics stock. IHT Wealth Management LLC raised its position in Interlink Electronics, Inc. (NASDAQ:LINK) by 46.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,462 shares of the technology company’s stock after purchasing an additional 7,706 shares during the quarter. IHT Wealth Management LLC owned 0.38% of Interlink Electronics worth $89,000 as of its most recent SEC filing. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

Interlink Electronics Stock Performance

Shares of LINK stock traded up $0.15 on Monday, hitting $6.45. 7,151 shares of the stock traded hands, compared to its average volume of 25,773. The firm’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $4.38. Interlink Electronics has a twelve month low of $3.25 and a twelve month high of $9.33. The stock has a market capitalization of $41.81 million, a PE ratio of 71.67 and a beta of 0.93.

Interlink Electronics Company Profile

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.